State Bank Of India

State Bank of India has informed that the Committee of Directors for Capital Raising (the ‘Committee’) of the Bank, in its meeting held on September 03, 2015, has accorded its approval to fix the Issue Price at Rs 274.37 per share of face value of Re 1 each, including a premium of Rs 273.37 per share, and accordingly, to issue 19,65,59,390 equity shares, ranking pari-passu with the existing equity shares of the Bank, in all respects, including payment of dividend, if any, on preferential basis to GoI, for a consideration of Rs 5392,99,99,834.30, subject to the approval of Reserve Bank of India & Government of India U/s 5(2) of the State Bank of India Act and shareholders of the Bank in terms of the SEBI ICDR Regulations and the price for preferential issue has been arrived at in accordance with the SEBI (Issue of Capital and Disclosure Requirements) regulations, 2009, taking into consideration the August 25, 2015 as the relevant date.

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